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3 years ago

Positions that have direct responsibility for the basic objectives of an organization are referred to as a line position.

Business

1 answer:

nordsb [41]3 years ago

3 0

Answer: (A) True

Explanation: A line of work is a unit that according to the chain of command has the responsibility of making the key decisions in an organization, which can usually involve the resources to achieve the objectives.

Example: A manager of a sales department of a company, is the first line towards customers and their team, will be responsible for generating revenue.

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On August 1, 2009 a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest,

Leya [2.2K]

Answer:

discount on BP 8,000 debit

cash 592,000 debit

bond payable 600,000 credit

-to record issuance of the bonds--

interest expense 15,416.67 debit

interest payable 15,000 credit

discount on BP 416.67 credit

--to record year-end adjustment entry--

interest payable 15,000 debit

interest expense 3,083.33 debit

cash 18,000 credit

Discount on BP 416.67 credit

-to record first interest payment to bondholders--

Explanation:

proceeds from the bonds: 592,000

face value of the bonds. (600,000)

discount on BP (8,000)

We amortize over the life of the bond in equal parts:

8,000 / 20 payment (10years x 2 payment per year) = 500

interest accrued from August 1st to December 31th:

face value x rate x time accrued

600,000 x 6% x 5/12 = 15,000

accrued proportional amortization

amortizationfor 6 months x accrued month

from Augsut 1st to December 31th

500 x 5/6 = 416.67

February 1st payment:

600,000 x 6% x 1/12 = 3,000 interest expense

cash outlay:

600,000 x 6% x 6/12 = 18,000

amortization 500 - 416.67 = 83.33

8 0

3 years ago

a publisher has copies of a philosophy book in its inventory, but it produces 1,000 copies of the book in august that it expects

lidiya [134]

If the publisher actually sells 1300 textbooks:

C. the publisher will earn more revenue than it would have earned if it had not printed the additional 300 textbooks.

The publisher will earn more revenue because it will sell the additional 300 textbooks at the regular price. The cost of printing the additional textbooks is less than the revenue generated from selling them.

<h3>The Benefits of Printing More Textbooks</h3>

In today's competitive marketplace, publishers must be strategic in their planning in order to maximize profits. One way to do this is to print more copies of a popular book than initially anticipated. This may seem counterintuitive, but if a publisher knows that a book is in high demand, printing more copies can actually lead to more profits.

There are several reasons for this. First, by printing more copies, the publisher can sell the book at a lower price point, making it more affordable for students and increasing the likelihood of sales. Second, the publisher can sell the additional copies to other bookstores or distributors, who may be willing to pay a higher price for them. Finally, if the publisher knows that a book is in high demand, printing more copies can help to ensure that the book remains in stock and available for purchase, preventing lost sales due to a lack of inventory.

Overall, printing more copies of a popular book can be a wise decision for a publisher, as it can lead to increased sales and profits. By being strategic and proactive, publishers can stay ahead of the competition and keep their business thriving.

<h3>The complete question: </h3>

A publisher has copies of a philosophy book in its inventory, but it produces 1,000 copies of the book in august that it expects to sell in the upcoming academic year. the price of the book is $120. if the publisher actually sells 1,300 textbooks, then:

A. the publisher will lose money on the sale of the textbooks.
B. the publisher will earn exactly enough revenue to cover the cost of printing the textbooks.
C. the publisher will earn more revenue than it would have earned if it had not printed the additional 300 textbooks.
D. the publisher will earn less revenue than it would have earned if it had not printed the additional 300 textbooks.

Learn more about publishers :

brainly.com/question/25817628

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3 0

2 years ago

What fact or facts support a situation where trade is advantageous?

geniusboy [140]

What were the choices

3 0

3 years ago

Read 2 more answers

Omar is having trouble paying his rent and making minimum payments on his student loan and credit cards. What should Omar consid

In-s [12.5K]

Answer:

Omar should get budgeting advice from a consumer credit counselor

Explanation:

It is apparent from the question that Omar is having a financial problems as he is finding it difficult to meet up with his student loan and credit cards repayment plan.

It is advisable at this point that he should engage the service of a consumer credit counselor for budgeting advice to improve on his situation.

Consumer credit counselling service is a form of service that help to proffer solution to financial problems through financial education , budgeting assistance and debt management.

7 0

3 years ago

Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University and

mihalych1998 [28]

The amounts and types of education tax credits that Ariana and John can take without modified AGI limitation are as follows:

Amount of Education Tax Type of Education Tax Credits

For Kai $1,000 ($2,500 x 40%) The American Opportunity Credit

For Angel $1,560 ($7,800 x 20%) The Lifetime Learning Credit

Total tax credit = $2,560 ($1,000 + $1,560)

<h3>What are the American Opportunity Credit and the Lifetime Learning Credit?</h3>

Whereas the American Opportunity Credit (Kia's) covers only the first 4 years of post-secondary education at 40% of $2,500 per student because Kia is a half-time student, the Lifetime Learning Credit applies to graduate schooling (Angel's) and covers 20% of the first $10,000 paid for tuition.

We must note that no taxpayer can claim both the American Opportunity Credit and the Lifetime Learning Credit for the same student in the same tax year.

Thus, the total education tax credit that Ariana and John can claim for both Kai and Angel is $2,560.

Learn more about education tax credits at brainly.com/question/8166956

6 0

2 years ago